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CIBIL - Credit Information
Report
Prepared & Presented by: Chandrakant KumawatPresented on: 30/06/2016Email Id: [email protected] No : +917709847851
Agenda What is CIBIL ? CIBIL Score How It’s Calculated Understand CIR Report Can you check your CIBIL score ? Facts which impact score Improve your CIBIL Score Can you correct CIR Report ?
What is CIBIL ?
The CIBIL TransUnion Score is a 3 digit numeric
summary of your credit history. The Score is derived
by using the details found in the “Accounts” and
“Enquiries” sections on your Credit Information
Report (CIR) and ranges from 300 to 900.
The closer your Score is to 900, the more favorably
your loan application will be viewed by a credit
institution. The Score plays a critical role in the loan
approval process.
CIBIL Score
• A Healthy credit score >= 750• Score is “NA” or “NH”, which means No credit
activity in the last couple of years or No credit
exposure.
How It’s Calculated
Understand CIR Report
CIBIL TransUnion Score
Personal Information, Contact & Other details
received through an Enquiry
Page 1
Understand CIR Report
Employment Informations
Account Informations including loan details
Enquiry Information
Page 2
Can you check your CIBIL score ?
Yes, You can…
Facts which impact score
• Higher percentage of Loans & Credit Cards• Late payments or defaults in the recent past• High utilization of Credit Limits• Too many Unsecured Loans• Seeking Excessive Credit - Credit Hunger• Not tracking your credit report
Improve your CIBIL Score
• Try to Avoid Loans & Credit Cards• Make Payment on time, or pay at least minimum
due amount.• DO NOT utilize of Full Credit Limits• Balance Secured Vs Unsecured Loans• Avoid Submitting unnecessary loan/credit requests• Track your credit report periodically.
Can you correct CIR Report ?
Online Dispute Resolution Process
